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vodka [1.7K]
1 year ago
15

one business attracts another business of similar type and together they may make more money than they would have singularly. th

is is an example of what principle of value?
Business
1 answer:
Alexus [3.1K]1 year ago
8 0

This is an example of competition principle of value.

The required details about business principle of value is mentioned in below paragraph.

The term "business" designates an innovative person, group, or organization that engages in commercial activity. They might be business-related, industrial, or something else. Businesses that operate for profit do so in order to make a profit, while those that operate for good will do so.

Competition's guiding principle: According to the competition principle, excessive profits in any industry will result in excessive competition, which will then obliterate profits. Think about a business that debuts in a secure neighborhood.

What benefit does rivalry have?

The cornerstone of a robust American economy is healthy market competition. Fundamental economic theory shows that when businesses compete for customers, it results in cheaper prices, better goods and services, more variety, and more innovation.

Thus, competition is the correct answer.

To learn about principle of value visit here

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Blue Spruce Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the busi
dlinn [17]

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr,                             $26,100

         To Common stock               $26,100

(Being Cash in exchange of common stock is recorded)

2. No Journal Entry is required

3. Office rent expenses Dr,   $1,305

           To cash                                $1,305

(Being is office rent is recorded)

4. Accounts receivable Dr,    $1,885

          To Accounts payable           $1,885

(Being architectural supplies is recorded)

5. Accounts receivable Dr,   $2,755

         To Service revenue                $2,755

(Being  service revenue is recorded)

6. Cash Dr,                              $1,015

           To Unearned revenue       $1,015

(Being cash is recorded)

7. Cash Dr,                              $4,060

         To Service revenue               $4,060

(Being cash is recorded)

8. Salary expenses Dr,            $2,176

          To Cash                                  $2,176

(Being salary expenses is recorded)

9.Accounts payable Dr,           $435

             To Cash                              $435

(Being accounts payable is recorded)

3 0
3 years ago
If investors expect inflation to increase over the next 20 years and the maturity risk premium is expected to increase over the
olganol [36]

Answer: normal /upward sloping

Explanation:

The yield curve is a curve that shows the relationship that exist between interest rate and time to maturity. According to the expectation theory, it is stated that the yield curve will be upward sloping when there's increase in inflationary expectations.

The slope of the yield curve helps in giving a clue to know the direction of future interest rates. It should be noted that an upward sloping curve means that there is an expectation of higher interest rates in the future.

Therefore, when investors expect inflation to increase over the next 20 years and the maturity risk premium to increase over the next 5 years, the general yield curve will be upward sloping.

5 0
3 years ago
A production manager is evaluated based on the quantity of direct materials used in production. If the production line actually
Shalnov [3]

Answer:

1) True

2) D. Total fixed costs

Explanation:

1)  The manager's evaluation should be based on a flexible budget, so the statement is true.

The standard quantity of direct materials used should be based on actual production for a correct variance analysis.

2 ) Total fixed costs remains the same when comparing a flexible budget to a master budget.

Total fixed costs do not change in total within relevant range of production.

3 0
3 years ago
The Washington, D.C.-based Heritage Foundation survey consists of over 178 countries ranked by degree of economic freedom. The k
DedPeter [7]

Answer:

percent foreign ownership.

Explanation:

The twelve freedoms included in the Heritage Foundation of Economic Freedom index are divided into four main categories:  

Rule of law

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  • Judicial effectiveness
  • Government integrity

Government size

  • Tax burden
  • Government spending
  • Fiscal health

Regulatory efficiency

  • Business freedom
  • Labor freedom
  • Monetary freedom

Open markets

  • Trade freedom
  • Investment freedom
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8 0
2 years ago
According to the service marketing triangle, which of the following lists the types of marketing that must be successfully carri
natima [27]

Answer:

A. External, internal and interactive marketing

3 0
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